CNA Financial Corporation (CNA) financial statements (2021 and earlier)

Company profile

Business Address CNA
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3182,1031,5961,7911,6782,0471,896
Cash and cash equivalents419242310355271387190
Short-term investments2,8991,8611,2861,4361,4071,6601,706
Total current assets:3,3182,1031,5961,7911,6782,0471,896
Noncurrent Assets
Operating lease, right-of-use asset199220
Property, plant and equipment252282324326310343295
Intangible assets, net (including goodwill)217216214220214231237
Goodwill148147146148145150152
Intangible assets, net (excluding goodwill)69696872698185
Deferred income tax assets66199
Total noncurrent assets:734917538546524574532
Other undisclosed assets59,97457,59255,01854,23053,03152,42653,138
TOTAL ASSETS:64,02660,61257,15256,56755,23355,04755,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   150 350 
Total current liabilities:   150 350 
Noncurrent Liabilities
Long-term debt and lease obligation2,7762,6792,6802,7082,7102,2122,559
Long-term debt, excluding current maturities2,7762,6792,6802,7082,7102,2122,559
Total noncurrent liabilities:2,7762,6792,6802,7082,7102,2122,559
Other undisclosed liabilities48,54345,71843,25541,46540,55440,72940,213
Total liabilities:51,31948,39745,93544,32343,26443,29142,772
Stockholders' equity
Stockholders' equity attributable to parent12,70712,21511,21712,24411,96911,75612,794
Common stock683683683683683683683
Treasury stock, value(71)(70)(57)(60)(73)(78)(84)
Additional paid in capital2,2112,2032,1922,1752,1732,1532,151
Accumulated other comprehensive income (loss)80351(878)32(173)(315)400
Retained earnings9,0819,3489,2779,4149,3599,3139,645
Receivable from officers and directors for issuance of capital stock      (1)
Total stockholders' equity:12,70712,21511,21712,24411,96911,75612,794
TOTAL LIABILITIES AND EQUITY:64,02660,61257,15256,56755,23355,04755,566

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10,80810,76710,1349,5429,3669,1019,692
Premiums earned, net7,6497,4287,312
Financial services revenue6,9886,9246,9217,212
Cost of revenue(7,580)(7,189)(6,907)(6,543)(6,518)(6,924)(6,908)
Policyholder benefits and claims incurred, net(6,149)(5,783)(5,547)
Deferred policy acquisition costs, amortization expense(1,410)(1,383)(1,335)(1,233)(1,235)(1,540)(1,317)
Financial services costs(5,288)(5,270)(5,372)(5,577)
Gross profit:3,2283,5783,2272,9992,8482,1772,784
Operating expenses(1,126)(1,142)(1,202)(1,528)(1,552)(1,473)(1,711)
Other operating expense, net
(Other Expenses)
(220)(235)(301)(591)(589)(535)(548)
Operating income:1,8822,2011,724880707169525
Nonoperating expense      (26)
Foreign currency transaction loss, before tax      (25)
Interest and debt expense(122)(131)(138)(161)(159)(155)(183)
Income from continuing operations before equity method investments, income taxes:1,7602,0701,58671954814316
Other undisclosed income (loss) from continuing operations before income taxes(939)(847)(622)591589535891
Income from continuing operations before income taxes:8211,2239641,3101,1375491,207
Income tax expense(131)(223)(151)(411)(278)(70)(319)
Income from continuing operations:6901,000813899859479888
Loss from discontinued operations      (14)
Net income:6901,000813899859479874
Other undisclosed net loss attributable to parent      (183)
Net income available to common stockholders, diluted:6901,000813899859479691

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:6901,000813899859479874
Other comprehensive income (loss)752929(894)205142(715)(42)
Comprehensive income (loss):1,4421,929(81)1,1041,001(236)832
Other undisclosed comprehensive loss, net of tax, attributable to parent      (183)
Comprehensive income (loss), net of tax, attributable to parent:1,4421,929(81)1,1041,001(236)649

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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